CNN: "Grocery Prices are up 30%." Biden: "They have the money." !
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Corporate greed is a common scapegoat by politicians that add costs with laws and policies so while they take credit for whatever they did, they then blame resulting higher costs on "corporate greed".
It's a charge never backed by solid analysis but rather stupid buzz phrases like "record profits" which work with people with no education in finance, economics etc.
Yep. Stores are gouging us like crazy and will get away with it. Price gouging is accepted by Americans, doing something about it is not. That makes you a socialist.
So get raked over the coals and empty your accounts at the store while they post record profits because, America!!!!!!!! USA, USA, USA,
Let me give you an example:
You have a widget factory and your shareholders, due to risk require an after tax profit margin double that of the federal bonds rate.
So, let's say they can make 3% after tax with little to no risk by buying a bond...so they want 6% after tax from you.
Now what happens when bond interest rates go to 5%? Yep, investors now need a 10% after tax return from you.
Hence the phrase risk and return.
Also, "record profits" in total dollars is wrong. Look at profit margins and per the previous example even those can shift due to interest rates, taxes, risk factors etc.
You have a widget factory and your shareholders, due to risk require an after tax profit margin double that of the federal bonds rate.
So, let's say they can make 3% after tax with little to no risk by buying a bond...so they want 6% after tax from you.
Now what happens when bond interest rates go to 5%? Yep, investors now need a 10% after tax return from you.
Hence the phrase risk and return.
Also, "record profits" in total dollars is wrong. Look at profit margins and per the previous example even those can shift due to interest rates, taxes, risk factors etc.
THAT'S where the truth lies. Are they price-gouging? Not with a low single-digit profit margin.
Don't let Biden and the Dems manipulate you (general you) because they assume you don't know they're scamming you.
The only price gouging is being done by colleges. The buildings have been paid for many years, but the cost keeps rising.
Universities have been outpacing the rate of inflation for decades, & they pay tenured professors $300k that are essentially part-timers.
Biden's claims of corp greed plays well to the bottom 60%, but it bombs here on C-D POC because we know better...most of us do anyways.
Dems take huge sums of donations for the Tech & Big Pharma industries, & they have enormous profit margins...many multiples higher than grocers.
Its Lib propaganda, & it works so well, a senile parasite like Xoe, can still be hanging on. The media spreads Lib lies, half-truths, & errors of ommission.
Universities have been outpacing the rate of inflation for decades, & they pay tenured professors $300k that are essentially part-timers.
Biden's claims of corp greed plays well to the bottom 60%, but it bombs here on C-D POC because we know better...most of us do anyways.
Dems take huge sums of donations for the Tech & Big Pharma industries, & they have enormous profit margins...many multiples higher than grocers.
Its Lib propaganda, & it works so well, a senile parasite like Xoe, can still be hanging on. The media spreads Lib lies, half-truths, & errors of ommission.
Correct. A professor will go on sabatical for a year and still get paid. Others will have 5 assistants that teach the classes and/or grade all the work while the student is not getting the professor they paid for.
Grocery stores have notoriously low profit margins. They're not price-gouging. It's just that everything, including food (and its distribution to the stores, Biden-era gas prices are MUCH higher), got a LOT more expensive because of Bidenflation.
In my over two decades as a local elected official I discovered that many, maybe most, people have trouble understanding numbers with more than four or five digits.
See my location when reading the following.
My "discovery" included people who worked in various governmental agencies and dealt with numbers in the more than ten digit range and would complain for two hours at a meeting when the Town spent $600 for a new snow plow blade. You should have heard the bitching when we bought a couple new work/utility trucks for 60% of public available list through the federal and state vehicle purchase program. The complaints there were divided between overpaying and taking business away from the local dealer.
Trump is just the face that these people hate. These people hate Christians, Religion, White People, Non-White people who do not conform to their beliefs, America, the American Flag, Jews, masculinity and many more things. These people hate you, and Trump is the face of the hate.
Its a spiritual warfare happening, the same thing happened to Germany in the 20's and 30's.
This is indeed what the "I HATE TRUMP" tantrums are really about. Sure, they hate him, but they really hate the people mentioned above, and want the government to force you to act how they want you to act.
To be fair he doesn't look horrible. He's old that's all. My feeling is his family esp. Jill should have got him to step aside. He's in no condition to run again.
So why didn't she? My guess is Jill enjoys playing gate keeper. Joe's cognitive decline is such he probably doesn't attend many meetings and Jill let's know what he needs to sign.
It truly is "Week end at Bernies"
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